John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, June 3rd, NASDAQ reports. Stockholders of record on Thursday, June 13th will be given a dividend of 0.14 per share on Friday, June 28th. This represents a $1.68 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Wednesday, June 12th.
John Hancock Preferred Income Fund has raised its dividend by an average of 2.9% annually over the last three years.
Shares of HPI stock traded up $0.12 during mid-day trading on Friday, hitting $23.17. 61,534 shares of the company’s stock were exchanged, compared to its average volume of 73,831. John Hancock Preferred Income Fund has a fifty-two week low of $17.02 and a fifty-two week high of $23.75. The company has a 50-day simple moving average of $22.99.
John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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